AIM:BLOE

Stock Analysis Report

Executive Summary

Block Energy Plc explores for, develops, and produces oil and gas in the Republic of Georgia.


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

How has Block Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BLOE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.4%

BLOE

-5.6%

GB Oil and Gas

-4.4%

GB Market


1 Year Return

6.6%

BLOE

-11.2%

GB Oil and Gas

1.4%

GB Market

Return vs Industry: BLOE exceeded the UK Oil and Gas industry which returned -11.2% over the past year.

Return vs Market: BLOE exceeded the UK Market which returned 1.4% over the past year.


Shareholder returns

BLOEIndustryMarket
7 Day-2.4%-5.6%-4.4%
30 Day-22.1%-12.7%-6.3%
90 Day-23.6%-11.5%-2.7%
1 Year6.6%6.6%-6.6%-11.2%6.7%1.4%
3 Year8.0%8.0%16.8%2.1%12.6%-1.5%
5 Year-85.9%-85.9%31.2%5.2%28.8%-0.7%

Price Volatility Vs. Market

How volatile is Block Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Block Energy undervalued compared to its fair value and its price relative to the market?

0.98x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BLOE's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BLOE's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BLOE is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: BLOE is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BLOE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BLOE is overvalued based on its PB Ratio (1x) compared to the GB Oil and Gas industry average (0.6x).


Next Steps

Future Growth

How is Block Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

5.4%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Block Energy has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Block Energy performed over the past 5 years?

-59.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BLOE is currently unprofitable.

Growing Profit Margin: BLOE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BLOE is unprofitable, and losses have increased over the past 5 years at a rate of -59.8% per year.

Accelerating Growth: Unable to compare BLOE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BLOE is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (26.8%).


Return on Equity

High ROE: BLOE has a negative Return on Equity (-16.64%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Block Energy's financial position?


Financial Position Analysis

Short Term Liabilities: BLOE's short term assets ($15.2M) exceed its short term liabilities ($1.4M).

Long Term Liabilities: BLOE has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: BLOE is debt free.

Reducing Debt: BLOE currently has no debt however we can't compare to 5 years ago as we have no data for that period.


Balance Sheet

Inventory Level: BLOE has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if BLOE's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: BLOE has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: BLOE has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -66.3% each year


Next Steps

Dividend

What is Block Energy's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.3%industryaverage6.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate BLOE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate BLOE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BLOE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BLOE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BLOE's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.7yrs

Average management tenure


CEO

Paul Haywood (37yo)

2.5yrs

Tenure

US$74,769

Compensation

Mr. Paul Haywood has been Chief Executive Officer and Director at Goldcrest Resources PLC. He served as Managing Director and Executive Director of Block Energy Plc (formerly Goldcrest Resources plc) since ...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD0.00) is below average for companies of similar size in the UK market ($USD325.25K).

Compensation vs Earnings: Paul's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Paul Haywood
CEO & Director2.5yrsUS$74.77k0.42% $67.0k
Roger McMechan
Technical Director1.7yrsUS$65.49kno data
William McAvock
CFO & Director0.4yrsno datano data

1.7yrs

Average Tenure

Experienced Management: BLOE's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Paul Haywood
CEO & Director2.5yrsUS$74.77k0.42% $67.0k
William McAvock
CFO & Director0.4yrsno datano data
Philip Dimmock
Non-Executive Chairman0yrsUS$15.00k0.079% $12.7k
Christopher Brown
Non-Executive Director1.3yrsno datano data

1.3yrs

Average Tenure

49yo

Average Age

Experienced Board: BLOE's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 186.5%.


Top Shareholders

Company Information

Block Energy Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Block Energy Plc
  • Ticker: BLOE
  • Exchange: AIM
  • Founded: 2005
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: UK£15.975m
  • Shares outstanding: 394.44m
  • Website: https://www.blockenergy.co.uk

Number of Employees


Location

  • Block Energy Plc
  • 9 Devonshire Square
  • London
  • Greater London
  • EC2M 4YF
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BLOEAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJan 2007

Biography

Block Energy Plc explores for, develops, and produces oil and gas in the Republic of Georgia. It owns a 100% working interest in the Norio onshore oil field; 90% working interest in the Satskhenisi project; and a 25% working interest in the West Rustavi license, which are located in the Republic of Georgia. Block Energy Plc also holds three licenses in the Kura basin, Georgia. The company was formerly known as Goldcrest Resources Plc and changed its name to Block Energy Plc in May 2017. Block Energy Plc was incorporated in 2005 and is headquartered in London, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 21:00
End of Day Share Price2020/02/25 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.